Cryptocurrency ads on "High Risk"!!
Cryptocurrency: 'High risk' to be mentioned in crypto ads, ASCI sets april 1 deadline.
Disclaimer In Crypto Ads From Apr 1: The Advertising Standards Council of india (ASCI) on wednesday directed that it will be mandatory for all advertisers from april 1 to specify in advertisements related to crypto products and other wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital assets (NFTs) that it is highly risky and without risk.
ASCI said that it will also be mandatory to show in such advertisements that the regulator will not be responsible for any loss in crypto transactions, that is, the entire responsibility will be with the investor.
Disclaimer In Crypto Ads From Apr 1: The Advertising Standards Council of india (ASCI) on wednesday directed that it will be mandatory for all advertisers from april 1 to specify in advertisements related to crypto products and other wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital assets (NFTs) that it is highly risky and without risk.
ASCI said that it will also be mandatory to show in such advertisements that the regulator will not be responsible for any loss in crypto transactions, that is, the entire responsibility will be with the investor.
According to the information shared by the council, this instruction regarding transactions in cryptocurrencies has been given after consultation with industry people, government and financial regulators.
Such a disclaimer must appear in both the caption and any image or video attachments in social media posts. The disclaimer in the caption must be placed at the start of the post. Where text in a static image is restricted in social media posts or advertisements, the disclaimer must be carried upfront in the caption before the fold.